On Oct 16, major Wall Street analysts update their ratings for $American Express (AXP.US)$, with price targets ranging from $280 to $325.
BofA Securities analyst Mihir Bhatia maintains with a hold rating, and maintains the target price at $280.
Wells Fargo analyst Donald Fandetti maintains with a buy rating, and maintains the target price at $300.
Seaport Global analyst Bill Ryan maintains with a hold rating.
KBW analyst Sanjay Sakhrani maintains with a buy rating, and adjusts the target price from $280 to $325.
Furthermore, according to the comprehensive report, the opinions of $American Express (AXP.US)$'s main analysts recently are as follows:
The adjustment in the valuation of American Express is attributed to an improving credit landscape, as evidenced by the stabilization and deceleration of the company's card net charge offs (NCOs) in recent times. Despite this positive trend, the potential for further valuation multiples expansion is perceived as limited, given that the current multiples already anticipate earnings per share growth in the mid-teens.
Here are the latest investment ratings and price targets for $American Express (AXP.US)$ from 4 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
